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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Paxos launches compliant stablecoin USDG in the EU
According to Mars Finance, The Block reported that the regulated stablecoin issuer Paxos launched the USD stablecoin USDG through its Finnish subsidiary Paxos Issuance Europe OY under the EU cryptocurrency asset market regulation framework (MiCA). This stablecoin is supported by institutions such as Robinhood and Kraken and has been launched on blockchains such as Ethereum and Solana, currently reaching a market capitalization of 322 million USD. USDG is backed by a 1:1 USD reserve, with part of the cash reserves held in European banks. This product will compete with stablecoins like USDC, which have already obtained MiCA licenses, and the global stablecoin market size currently stands at 160 billion USD.